Elliott Forecast - Apple (AAPL) Looking to Complete Impulsive Rally | ResearchPool

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Elliott Forecast

Daud Bhatti

Apple (AAPL) Looking to Complete Impulsive Rally

December 7, 2023 By

Cycle from 10.27.2023 low in Apple (AAPL) remains in progress as a 5 waves impulse Elliott Wave structure. Up from 10.27.2023 low, wave (1) ended at 181.9 and pullback in wave (2) ended at 169.33. The stock then rallies again in wave (3) towards 192.93. Pullback in wave (4) ended at 187.45 as a . Down from wave (3), wave ((a)) ended at 190.82, wave ((b)) ended at 191.70, and wave ((c)) lower ended at 188.90. This completed wave W. Rally in wave X ended at 192.09 as a zigzag structure. Up from wave X, wave ((a)) ended at 191.08, wave ((b)) ended at 189, and wave ((c)) ended at 192.09.

Down from wave X, wave ((w)) ended at 188.19, wave ((x)) ended at 191.56, and wave ((y)) ended at 187.45. This completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave 1 ended at 189.66 and pullback in wave 2 ended at 188. Stock rallies again in wave 3 towards 194.76. Pullback in wave 4 is now in progress to correct cycle from 12.5.2023 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 187.45 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside to complete the impulsive structure from 10.27.2023 low.

Apple (AAPL) 45 Minutes Elliott Wave Chart

AAPL Elliott Wave Video

Source:-forecast.com/news/apple-aapl-looking-complete-impulsive-rally/

07/12/2023 1 EN

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Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Daud Bhatti

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